He also lost his house: Moti Zisser is expected to leave his estate in Kfar Ganim in Petah Tikva, after losing control of the public Elbit Imaging company, which recently wrote off a debt of about 1.8 billion shekels to its creditors, and the inability to repay a private debt of about one billion shekels.
Zisser will leave the house in the coming months after withdrawing the appeal he filed with the Supreme Court against the decision of Tel Aviv District Court Judge Eitan Orenstein to allow Bank Leumi to take control of the estate and collect the mortgage that Beck granted Zisser on the house - which amounts to approximately 15.5 million shekels.
The start of the execution of the property requires the approval of the Supreme Court. Once approval is granted, Bank Leumi will be able to begin the process of selling the estate and pay off the mortgage, with the balance from the sale expected to be received by the receiver of Zisser's private companies - Attorney Giora Erdinst, who represents Bank Hapoalim, to which Zisser owes about a billion shekels.
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The Zisser couple's estate, estimated to be worth 40-50 million shekels, covers 8 dunams and is equipped with, among other things, a large 30-meter pool, a private cinema, a mikveh and a synagogue.
Zisser's children and their families will continue to live in the additional villas located on the estate, until the legal proceedings against them are exhausted.
In an interview the Zissers gave to Channel 2 about two months ago, Bracha Zisser said: "In the debt settlement with Elbit, there was an assumption of responsibility, Moti was left with nothing. They want more from us than we have, and that is impossible. We can only give what we have. We will leave the house, we will try to sell the property we have and try to return the maximum money we can. I have no dreams that we will become tycoons again, but only that we will realize our plans and continue with our aid projects and that we will be able to live in peace.".
Moti Zisser said in the same interview: "What will they take from me, money? A house? Who cares? I grew up in the Hatikva neighborhood. I lived in a house with a toilet in the yard. Who cares about a big house?".
